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    Mutual Rental Agreement: Mr. Ejaz Ahmad S/o Mushtaq Ahmad R/o Circle No.8 H#319 St#8 Mohallah Muhammad

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    S. Isaac
    1. The document is a rental agreement between Mr. Ejaz Ahmad and Mr. Sharjeel Ishaque for a commercial shop located near a petrol station in Faisalabad. 2. Mr. Sharjeel Ishaque, as the property owner, agrees to rent the 100 square foot shop to Mr. Ejaz Ahmad for 3 years at Rs. 40,000 per month. 3. The agreement outlines terms such as rent increases, security deposit refunds, notice periods, responsibilities for bills, and prohibitions against subletting or illegal activities on the property.

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    Mutual Rental Agreement: Mr. Ejaz Ahmad S/o Mushtaq Ahmad R/o Circle No.8 H#319 St#8 Mohallah Muhammad

    Uploaded by

    S. Isaac
    18 views2 pages
    1. The document is a rental agreement between Mr. Ejaz Ahmad and Mr. Sharjeel Ishaque for a commercial shop located near a petrol station in Faisalabad. 2. Mr. Sharjeel Ishaque, as the property owner, agrees to rent the 100 square foot shop to Mr. Ejaz Ahmad for 3 years at Rs. 40,000 per month. 3. The agreement outlines terms such as rent increases, security deposit refunds, notice periods, responsibilities for bills, and prohibitions against subletting or illegal activities on the property.

    Original Description:

    Car Studio Auto Detailer

    Original Title

    MUTUAL RENTAL AGREEMENT

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    1. The document is a rental agreement between Mr. Ejaz Ahmad and Mr. Sharjeel Ishaque for a commercial shop located near a petrol station in Faisalabad. 2. Mr. Sharjeel Ishaque, as the property owner, agrees to rent the 100 square foot shop to Mr. Ejaz Ahmad for 3 years at Rs. 40,000 per month. 3. The agreement outlines terms such as rent increases, security deposit refunds, notice periods, responsibilities for bills, and prohibitions against subletting or illegal activities on the property.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    18 views2 pages

    Mutual Rental Agreement: Mr. Ejaz Ahmad S/o Mushtaq Ahmad R/o Circle No.8 H#319 St#8 Mohallah Muhammad

    Uploaded by

    S. Isaac
    1. The document is a rental agreement between Mr. Ejaz Ahmad and Mr. Sharjeel Ishaque for a commercial shop located near a petrol station in Faisalabad. 2. Mr. Sharjeel Ishaque, as the property owner, agrees to rent the 100 square foot shop to Mr. Ejaz Ahmad for 3 years at Rs. 40,000 per month. 3. The agreement outlines terms such as rent increases, security deposit refunds, notice periods, responsibilities for bills, and prohibitions against subletting or illegal activities on the property.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    MUTUAL RENTAL AGREEMENT

    Mr. Ejaz Ahmad S/o Mushtaq Ahmad R/o Circle No.8 H#319 St#8 Mohallah Muhammad
    Nagar Faisalabad, CNIC#33102-1782918-9. (Hereinafter called 1st Party /tenant).

    And

    Mr. Sharjeel Ishaque S/o Zia Ul Haq Shahid R/o 19-Y-106 Madina Town Faisalabad,
    (hereinafter called the 2nd Party / Authorized Property Lender via Stamp Paper). Whereas
    the 2nd Party being an absolute authorized property lender of this Commercial Shop with
    covered area (approx 100sqft) by Jhanzeb Petroleum, PSO Petrol Station, Opposite;
    Kohinoor Flats, Jaranwala Road, Faisalabad. 2 nd Party agreed to let out above said property
    to the 1st Party under following conditions.

    1. That rent of the property fixed Rs. Fourty Thousand (Rs.40,000/-) per month and
    will be paid within the 1st to 5th of every month.

    2. That Party 1st will give security Rs. One Lac Twenty Thousand (1,20,000/-)
    which will be refundable after the deduction of any outstanding dues or bills after
    completion of tenure.

    3. The agreement of rent will start from 01-06-2020 and duration of rent agreement
    is for some of three years (3 Years). However, the rent will increase by 10% on
    annually basis every year till the fulfillment and duration of the agreement.

    4. That 2nd Party have given possession of above property to 1 stParty on 01-06-2020
    and the 1st Party will not add or change/construct/damage or vandalize, the
    structure of the property and will hand over the possession of the said property to
    the 2nd Party in the same condition as it was taken at the time of the possession at
    the time of expiry of rental agreement.

    5. That the 1st Party will not mortgage the above said property to any bank or
    authority. That 1stParty will not sublet to any other person/ company.
    6. That if any Party wants to vacate above said premises before the duration of rental
    agreement then he/she will serve three months (3 Months) prior notice to each
    other.

    7. That the 1st Party will pay the charges of all utility bills regularly. The electricity will
    be provided by 2nd Party to 1st party through a sub electric meter. 1st Party will pay
    the electricity dues within (3 days) of receiving the bills from the 2 nd Party and
    property tax will be paid by 2nd party.

    8. That the 1st Party will not file any legal civil or criminal case or any law suit in any
    court of law against 2nd Party/Jhanzeb Petroleum/ above mentioned property.
    Neither for the grant of any kind of stay relevant to this property in any court of law.

    9. That the 1st Party shall deliver in acceptable/peaceful and vacant possession of the
    premises after the expiry or termination of rental contract through (3 month) prior
    notice time.

    10. That the 1st Party will not indulge into or perform any illegal business or activity
    within the mentioned property. (If so the rental contract will be immediately
    terminated without any prior notice & 1 st party will be solely responsible for
    everything. Moreover, legal action will be taken against it).

    11. That the 1st Party will not place any Advertising Holdings/ Material Goods/Electrical
    Goods outside the premises and will always ensure the rules of the petrol station set
    by the 2nd Party. Advertising Holdings/Material Goods/Electrical Goods should be
    placed at their allocated locations.

    Both the Parties will abide by the terms and conditions of the said agreement.

    Executant Executant (Tenant)

    Sharjeel Ishaque XXXXXXXXXXXXXX

    Witnesses: 1 Witnesses: 2

    XXXXXXXXX XXXXXXXXXXX

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